Sumitomo invests in Manila LRT-1 concessionaire

Sumitomo Corp has indirectly acquired a 19∙2% stake in Manila Light Rail Transit System Line 1 operating concessionaire Light Rail Manila Corp,

PHILIPPINES: Sumitomo Corp has indirectly acquired a 19∙2% stake in Manila Light Rail Transit System Line 1 operating concessionaire Light Rail Manila Corp, marking the Japanese company’s first investment in a southeast Asian passenger railway.

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